Mizuho Financial Technical Analysis (NYSE:MFG)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. Just by looking at the Mizuho Financial stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the MFG stock chart which creates a trading signal.
You can view Simple Moving Average (SMA 20 day, 50 day & 100 day), Exponential Moving Average (EMA 20 day, 50 day & 100 day) charts, and Bollinger Bands for Mizuho Financial. Technical analysis uses an approach for Mizuho Financial stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
Mizuho Financial Moving Average:
Moving averages show the MFG stock price trend. The two most popular types of moving averages are the Simple Moving Average (SMA) and the Exponential Moving Average (EMA). A rise in trend over the long term indicates a long term uptrend. Similarly a falling MFG moving average implies that Mizuho Financial stock price is falling.
Mizuho Financial Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of Mizuho Financial stock price relative to previous trades. Mizuho Financial bollinger bands show that the stock price is $3.26, upper band is 54.46, lower band is 43.11, and the average is 48.79.
Mizuho Financial Moving Average Convergence Divergence or MACD:
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Mizuho Financial MACD indicator can be used to identify bullish and bearish trends for the stock.
Mizuho Financial Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 40.13 is the RSI value of MFG stock. .